OwensAssetFund

OwensAssetFund

A temporary top is in place at 1.0744. Intra-day bias in EUR/USD is turned neutral first. Above 1.0774 will extend the rise from 1.0339. But such rise is seen as a corrective move and should be limited by 1.0872 resistance. On the downside, below 1.0588 minor support will argue that it's completed and turn bias back to the downside for 1.0339 support.

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Inverted Head and shoulder pattern

OwensAssetFund

Now above 200sma, which was $118.66. Conditions in FB are improving. Look for short to cover around 120.18! cheers!

OwensAssetFund

The #stock has pulled back from higher prices, #BABA remains susceptible to further declines.

OwensAssetFund

Although the stock has pulled back from higher prices, FB remains susceptible to further declines. A reversal of the existing trend looks unlikely at this time.

OwensAssetFund

The 50-day moving average is pointed up but the stock is trading below this important support level which is bearish. $AAPL could find secondary support at its rising 200-day moving average.

OwensAssetFund

Notice how all the moving day averages move above the 200sma. Plus #Trump is President, which is bullish for Bio-Tech for the next 4 years

OwensAssetFund

The stock has broken previous support levels and should trade lower over the near term. GILD's chart formation indicates the stock is in a strong downward trend. Momentum, as measured by the 9-day RSI, is negative.

OwensAssetFund

The stock has broken previous support levels and should trade lower over the near term. The stock has under-performed the market when compared to the S&P 500 over the last 50 trading days. Though the technical condition for TSLA is still weak, so if you are short this stock, hold position

OwensAssetFund

SPX500 bounce off (200sma 2087.3433). The stochastic is in oversold territory (SlowK is at 11.40); this indicates a possible market rise is coming. We could be getting a nice bounce tomorrow!

OwensAssetFund

The MACD-LT, an intermediate-term trend indicator, is bearish at this time. Over the last 50 trading sessions, there has been more volume on down days than on up days indicating that BABA is under distribution, which is a bearish condition.

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$110 to $108 area of support. Stochastic reading oversold. $110 should hold!

OwensAssetFund

Bounce off 100sma $6.6183. Looking to retake 50sma $7.0632. According to Stochastic, position is reading oversold. Technical Analysis coming soon!

OwensAssetFund

10:00 am Tesla Motors displays relative weakness as it sinks below last week's lows along the $200/199 zone (TSLA) : Next area of support lies along multi-week lows along the 192/193 area. Breakdown trade WATCH for breakdown below 193.2 Target: 176.3, 10.6% P/L ratio: 2.9 : 1 - Good

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Advantage Oil & Gas’ latest pad, comprising of eight wells, produced at a combined 120 mmcf/d. Analyst Phung mentioned that the average well cost of the six Lower Montney wells was C$4.3 million, as compared to the estimate of C$5.1 million. “Despite a drilling program with relatively few wells, we are impressed with the cost reduction and we wonder if AAV is...

OwensAssetFund

Clearly April Highs is a support area, with Macro support at $114. Remain Bullish with a price target of $120

OwensAssetFund

The stock market is filled with patterns. The most common pattern is the right triangle pattern, which is a bearish pattern. Break below 212.20 would be extremely bearish for the $SPY. Break above $215.02 would be bullish. Watch these areas. cheers!

OwensAssetFund

GOLD: The commodity looks to extend its weakness following its past week losses. On the downside, support comes in at the 1,310.00 level where a break will turn attention to the 1,300.00 level. Further down, a cut through here will open the door for a move lower towards the 1,290.00 level. Below here if seen could trigger further downside pressure targeting the...